Markets

Boston Properties Series B Cumulative Redeemable Preferred Stock Ex-Dividend Reminder

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On 2/1/17, Boston Properties Inc's 5.25% Series B Cumulative Redeemable Preferred Stock (Symbol: BXP.PRB) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 2/15/17. As a percentage of BXP.PRB's recent share price of $24.21, this dividend works out to approximately 1.36%, so look for shares of BXP.PRB to trade 1.36% lower - all else being equal - when BXP.PRB shares open for trading on 2/1/17. On an annualized basis, the current yield is approximately 5.42%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of BXP.PRB shares, versus BXP:

Performance Comparison Chart

Below is a dividend history chart for BXP.PRB, showing historical dividends prior to the most recent $0.3281 on Boston Properties Inc's 5.25% Series B Cumulative Redeemable Preferred Stock:

BXP.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Boston Properties Inc (Symbol: BXP) makes up 4.45% of the iShares Cohen & Steers REIT ETF ( ICF ) which is trading lower by about 0.6% on the day Monday.

In Monday trading, Boston Properties Inc's 5.25% Series B Cumulative Redeemable Preferred Stock (Symbol: BXP.PRB) is currently up about 0.1% on the day, while the common shares (Symbol: BXP) are off about 1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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BXP.PRB ICF BXP